The effective annual interest rate as stipulated in the Finnish Consumer Protection Act is 6.27% if the loan amount is 35000 € and the credit period is 12 years, including an administrative fee 5 €, a one-time fee 30 € and the nominal interest rate of 5.80 %. The amount payable in this example is 49413 € in total or 343 € per month. The effective annual interest rate for a credit card may be 18,97 % if the used credit is 1 500 €, the loan period is one year and the nominal interest rate is 17,50 %. The amount payable in this example is 1 646 € in total or 146 € per month. The final effective annual interest rate, credit period and monthly installment can be found in the credit agreement. The creditors enter into the credit agreement based on an individual assessment of the customer and their financial situation. The nominal interest rate offered by creditors may vary between 4,19 % and 20 % and the annual credit costs may vary between 0 € and 150 €. The credit period may vary between 1 and 20 years. The credit amounts available are 500 – 70 000 €.